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Apple Finds Best Place to Put Its Cash: Apple Shares

Apple employees carry boxes of new iPads that went on sale for the first time around the world on March 16 in New York City.
Apple employees carry boxes of new iPads that went on sale for the first time around the world on March 16 in New York City.Photograph by Spencer Platt/Getty Images

As if Apple really needed to pay anyone to own its shares.

This is the largest company in the world, a $555 billion market-cap Jupiter that dwarfs everything else in and out of its solar system. As I write this, iDrones are lining up outside Apple Stores for the privilege of forking over $600, or approximately one share of Apple, for the latest iPad. In just the first three months of the year its stock is up 46 percent. Past 12 months: 80 percent. Ten years: 1,400 percent. Beats a CD.